For Immediate Release:
August 9, 2016
Concord, NH – A rate proposal filed last week with New Hampshire’s Insurance Department shows a dramatic decreases in worker’s compensation rates by 9 percent. Last year, Senate Majority Leader Jeb Bradley sponsored SB 133 which aimed at reforming the workers’ compensation system in New Hampshire.
“Lowering the cost of workers’ compensation rates is a critical part of making New Hampshire a more attractive place to do business. It is encouraging to see that worker’s compensation costs are moving in the right direction,” said Senate Majority Leader Jeb Bradley (R-Wolfeboro). “In the past, New Hampshire has consistently had some of the highest workers’ compensation rates in all of New England, stifling small businesses and limiting their ability to grow.”
“That is why the legislature has taken steps to reform the workers’ compensation system over the years. Last year, in particular, I sponsored legislation to reduce the costly burden of exorbitantly high claims being paid for by many employers in our state. The bill, SB 133, put the burden of proof on the health care providers when determining if the cost of services rendered is reasonable. This change in conjunction with other reforms has set that ball in motion to continue driving down workers’ comp rates for employers in the future. This step, in particular, builds upon our other efforts in order to make New Hampshire the most attractive state to do business and raise a family,” added Bradley.
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